I’ve been asked similar questions from many home buyers asking if this is the right time for them to make the big move into a home. I would like to shout from the rooftops that this is a GREAT time to buy a home. Of course, each person and situation is different, but a lot of people couldn’t ask for a better time.
As the old adage goes, ‘Buy Low and Sell High.’ Well, the housing market is certainly low. Foreclosures, Short Sales, and limited pool of buyers have brought housing prices down in a lot of areas around Austin. Now is the time to negotiate.
Additionally, interest rates are lower than they have been in 25 years. With interest rates near 4.5% on 30 year loans, buyers can save money on their mortgage. A couple of years ago, interest rates were at 6.5%. On a $280,000 house, you can save about $250 per month… that’s $3000 per year!
If you are waiting for the housing market to rebound, you are basically waiting for prices and interest rates to go up. Call me if you are ready to make the move. 512-699-0786
